Our outlook scenario for house prices is of a market slowdown and mild price falls. Lower transaction volumes but better than suggested by recent low mortgage approvals data. There are reasons to be positive about the housing market and the outlook has improved since Liz Truss stepped down. The interest Read more…
Over 85% of all property sales recorded to date by the Land Registry in 2021 have been houses, the highest proportion since 1996. Undoubtedly a result of the ‘search for space’ which has epitomized the property market this year. The market is changing to reflect more people wanting more space, Read more…
In a recent survey by Bankrate UK, a mortgage comparison service, questioned buyers about their prospective purchases in the last 6 months in the UK. 46% revealed they had their prospective property down valued by their lender. Homes valued between £400k and £500k were subject to the most de-valuations. Buyers Read more…
Property Prices The average price of UK property rose by just 0.7% in the year to October to £232,944. Property price growth is currently highest across Wales and Yorkshire and the Humber. Rightmove predicts that the price of property coming to market in Britain will rise by 2% during 2020. Read more…
How have the markets changed? A review of selected market indicators since the UK’s referendum on EU membership, show that house prices across England and Wales have risen by 10%. A buyer now requires over £22,000 more to purchase now than they did back in June 2016. Double digit growth Read more…